Lithium Universe looks to fill lithium conversion gap

–News Direct–

Lithium Universe Ltd (ASX:LU7) CEO Alex Hanly joins Jonathan Jackson in the Proactive studio to talk about the pending acquisition of a commercial property in the Bcancour Waterfront Industrial Park in Qubec, Canada, as part of its strategy to address the lithium conversion capacity gap in the North American market. The acquisition is designed to enhance lithium conversion capacity in response to the growing demand for electric vehicle (EV) batteries. Known as Lot 22, the property will become an integral part of the Qubec Lithium Processing Hub (QLPH) Strategy, with the potential to host up to three lithium carbonate refineries, each with a capacity of 16,000 tonnes per annum.

Commenting on the property, LU7 chairman Iggy Tan said: This is just another positive step forward for the company as we secure this key landholding in the most attractive emerging battery-focused jurisdiction.

"Qubecs low-cost hydroelectricity, high environmental standards and educated workforce, as well as the locations logistical advantages, including a deepwater port and easy rail access to the rest of North America, were key factors in the decision."

Contact Details

Proactive Investors

Jonathan Jackson

+61 413 713 744

View source version on


comtex tracking


Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Times of Chennai journalist was involved in the writing and production of this article.